China’s Meituan-Dianping raises $4b, valuing the firm at a lofty $30b

The Meituan logo is seen in this illustration photo October 19, 2017. REUTERS/Thomas White/Illustration

Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail.

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